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(DC) Crop forecast reported when commodity mkts. closed. Corn up 26%; feed grain up 25%; all wheat up 19%; and soybeans up 18%. Agriculture Secretary Earl Butz says further large sales to USSR to be postponed. [BUTZ - ask USSR and American exporters to refrain from more sales until we see what's happening. Doesn't think sales to have negligible impact on food prices. Arthur Burns gets nervous too easily.]
REPORTER: Jed Duvall
(Chicago, Illinois) Corn farmers hope for more of Soviet market [Independent grain analyst Conrad LESLIE - says if more quantities sold, may see 10-12% or more increase in food prices.] No immediate fluctuations in prices expected.
REPORTER: Chris Kelley
- Duvall, Jed;
- Kelley, Chris
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